New Delhi plans to borrow 17.2 trillion rupees ($187 billion) in the year starting April 1, Finance Minister Nirmala Sitharaman said in her budget speech on Sunday.
Pakistan's Ishaq Dar says the powerful military backed conglomerate will take the lead of converting loans extended by UAE into a stake, as Islamabad’s external debt load grows.
Debt-burdened farmers cling to paddy even as it drains soil, water, and future prospects. ‘Crop diversification is a nice buzz word but nothing’s done at the policy level.’
Economic activity has rebounded in LMICs post pandemic, but the debt accumulated in that period has continued to grow, driven by both short & long-term debt.
World Bank's International Debt Report 2024 finds Afghanistan, Pakistan, Nepal, Bhutan, Bangladesh, Myanmar, Sri Lanka & Maldives together owe $324.6 bn to external lenders.
Freebies promised during polls, subsidies, swelling wage & pension bills are adding to the debt pile of states like Himachal Pradesh & Punjab. Revenue expenditure rationalisation can help.
The full budget retains focus on fiscal consolidation. In her budget speech, finance minister mentioned the intent will be to fix fiscal deficit with debt-GDP ratio on a declining path.
RBI said India’s rising retail participation in the F&O market may pose several challenges, and the stock of household debt is 'comparatively high' in relation to GDP per capita.
The total value of imports is currently higher than that of exports in the Maldives. The Covid-19 pandemic was an external shock that jolted the country’s tourism industry.
Maldives’ external debt servicing to touch $1.07 bn in 2026. Economic realities have forced a change in tactics towards India by the ‘pro-China’ Muizzu government.
On 21 September 1959, PM Jawaharlal Nehru delivered an address at a public function organised by the Indo-Iranian Association in Tehran during his four-day visit to the country.
The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.
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